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Wheaton Precious Metals Stock Price, News & Analysis (NYSE:WPM)

$49.05
-0.10 (-0.20%)
(As of 04:32 PM ET)
Compare
Today's Range
$48.77
$49.44
50-Day Range
$38.81
$49.15
52-Week Range
$37.30
$52.76
Volume
1.98 million shs
Average Volume
1.95 million shs
Market Capitalization
$22.22 billion
P/E Ratio
41.22
Dividend Yield
1.22%
Price Target
$52.88

Wheaton Precious Metals MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.67 Rating Score
Upside/​Downside
7.8% Upside
$52.88 Price Target
Short Interest
Bearish
3.93% of Float Sold Short
Dividend Strength
Moderate
Based on Four Factors
Sustainability
-3.48
Upright™ Environmental Score
News Sentiment
1.06mentions of Wheaton Precious Metals in the last 14 days
Based on 14 Articles This Week
Insider Trading
N/A
Proj. Earnings Growth
18.18%
From $1.10 to $1.30 Per Share

Overall MarketRank

MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.

1.90 out of 5 stars

Basic Materials Sector

119th out of 165 stocks

Gold & Silver Ores Industry

20th out of 32 stocks


WPM stock logo

About Wheaton Precious Metals Stock (NYSE:WPM)

Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America. It produces and sells gold, silver, palladium, and cobalt deposits. The company was formerly known as Silver Wheaton Corp. and changed its name to Wheaton Precious Metals Corp. in May 10, 2017. Wheaton Precious Metals Corp. was founded in 2004 and is headquartered in Vancouver, Canada.

WPM Stock Price History

WPM Stock News Headlines

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Wheaton Precious Metals Corp's Dividend Analysis
[Investor Alert] Potential Breakthrough Medical Tech Investment Opportunity
Autonomix has patented technology that can detect and target nerve signals at an accuracy never seen before, a $100B opportunity. Now the team with almost $600M in exits is planning to list Autonomix on the Nasdaq. And you can invest in Autonomix ahead of their intended Nasdaq listing.* *Disclosure: This is a paid advertisement for Autonomix’s Regulation A+ Offering. Please read the offering circular at invest.autonomix.com
The Advantages of Investing in Silver Using ETFs
Wheaton (WPM) Inks Deal to Acquire Three Existing Streams
Company News for Nov 13, 2023
Wheaton (WPM) Q3 Earnings Beat, Rise Y/Y on Higher Prices
Wheaton Precious Metals Corp (WPM)
See More Headlines
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Company Calendar

Last Earnings
8/11/2023
Ex-Dividend for 9/7 Dividend
8/24/2023
Dividend Payable
9/07/2023
Ex-Dividend for 12/8 Dividend
11/27/2023
Today
11/29/2023
Dividend Payable
12/08/2023
Fiscal Year End
12/31/2023
Next Earnings (Estimated)
3/14/2024

Industry, Sector and Symbol

Industry
Gold & silver ores
Sub-Industry
N/A
Employees
42
Year Founded
N/A

Price Target and Rating

Average Stock Price Target
$52.88
High Stock Price Target
$62.00
Low Stock Price Target
$37.00
Potential Upside/Downside
+7.8%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.67
Research Coverage
9 Analysts

Profitability

Net Income
$669.13 million
Pretax Margin
56.22%

Debt

Sales & Book Value

Annual Sales
$1.07 billion
Cash Flow
$1.68 per share
Book Value
$15.11 per share

Miscellaneous

Free Float
N/A
Market Cap
$22.22 billion
Optionable
Optionable
Beta
0.59
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Key Executives

Should I Buy Wheaton Precious Metals Stock? WPM Pros and Cons Explained

These insights were generated using artificial intelligence. They are based on proprietary MarketBeat data, news articles, and custom LLM A.I. algorithms. This analysis of Wheaton Precious Metals was last updated on Tuesday, November 28, 2023 at 10:19 PM.

Pros

Here are some ways that investors could benefit from investing in Wheaton Precious Metals Corp.:

  • Wheaton Precious Metals Corp. primarily sells precious metals in North America, Europe, and South America, providing a diverse market presence.
  • The company produces and sells gold, silver, palladium, and cobalt deposits, offering a range of valuable commodities.
  • Wheaton Precious Metals Corp. has a long history, founded in 2004, and has established itself as a reputable player in the industry.
  • Recent developments indicate that Wheaton Precious Metals Corp. is focused on dividend payouts, which can be attractive to investors seeking regular income.
  • The current stock price of Wheaton Precious Metals Corp. is a relevant factor for investors to consider, as it can provide insights into the company's valuation and potential returns.

Cons

Investors should be bearish about investing in Wheaton Precious Metals Corp. for these reasons:

  • Market volatility and fluctuations in precious metal prices can impact the profitability of Wheaton Precious Metals Corp.
  • As a company primarily focused on precious metals, Wheaton Precious Metals Corp. may be susceptible to changes in supply and demand dynamics in the industry.
  • Investing in commodities like gold, silver, palladium, and cobalt carries inherent risks, including price volatility and geopolitical factors.
  • While dividend payouts can be attractive, they are not guaranteed and may be subject to changes based on the company's financial performance.
  • Investors should carefully consider their risk tolerance and diversify their investment portfolio to mitigate potential risks associated with investing in a single company.














WPM Stock Analysis - Frequently Asked Questions

Should I buy or sell Wheaton Precious Metals stock right now?

9 Wall Street analysts have issued "buy," "hold," and "sell" ratings for Wheaton Precious Metals in the last twelve months. There are currently 3 hold ratings and 6 buy ratings for the stock. The consensus among Wall Street analysts is that investors should "moderate buy" WPM shares.
View WPM analyst ratings
or view top-rated stocks.

What is Wheaton Precious Metals' stock price target for 2024?

9 analysts have issued twelve-month target prices for Wheaton Precious Metals' stock. Their WPM share price targets range from $37.00 to $62.00. On average, they expect the company's share price to reach $52.88 in the next twelve months. This suggests a possible upside of 7.5% from the stock's current price.
View analysts price targets for WPM
or view top-rated stocks among Wall Street analysts.

How have WPM shares performed in 2023?

Wheaton Precious Metals' stock was trading at $39.08 at the beginning of 2023. Since then, WPM stock has increased by 25.9% and is now trading at $49.20.
View the best growth stocks for 2023 here
.

When is Wheaton Precious Metals' next earnings date?

The company is scheduled to release its next quarterly earnings announcement on Thursday, March 14th 2024.
View our WPM earnings forecast
.

How were Wheaton Precious Metals' earnings last quarter?

Wheaton Precious Metals Corp. (NYSE:WPM) announced its quarterly earnings results on Friday, August, 11th. The company reported $0.31 earnings per share for the quarter, beating analysts' consensus estimates of $0.27 by $0.04. The firm had revenue of $264.97 million for the quarter, compared to the consensus estimate of $250.73 million. Wheaton Precious Metals had a net margin of 57.03% and a trailing twelve-month return on equity of 6.94%. The firm's revenue for the quarter was down 12.5% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.33 earnings per share.

How often does Wheaton Precious Metals pay dividends? What is the dividend yield for Wheaton Precious Metals?

Wheaton Precious Metals announced a quarterly dividend on Thursday, November 9th. Stockholders of record on Tuesday, November 28th will be given a dividend of $0.15 per share on Friday, December 8th. This represents a $0.60 dividend on an annualized basis and a yield of 1.22%. The ex-dividend date of this dividend is Monday, November 27th.
Read our dividend analysis for WPM
.

Is Wheaton Precious Metals a good dividend stock?

Wheaton Precious Metals (NYSE:WPM) pays an annual dividend of $0.60 per share and currently has a dividend yield of 1.26%. The dividend payout ratio is 50.42%. This payout ratio is at a healthy, sustainable level, below 75%. Based on earnings estimates, WPM will have a dividend payout ratio of 46.15% next year. This indicates that the company will be able to sustain or increase its dividend.
Read our dividend analysis for WPM.

What ETF holds Wheaton Precious Metals' stock ?

iShares North American Natural Resources ETF holds 112,445 shares of WPM stock, representing 0.84% of its portfolio.

What other stocks do shareholders of Wheaton Precious Metals own?
Who are Wheaton Precious Metals' major shareholders?

Wheaton Precious Metals' stock is owned by many different retail and institutional investors. Top institutional investors include First Eagle Investment Management LLC (4.64%), Van ECK Associates Corp (4.12%), FMR LLC (3.56%), Massachusetts Financial Services Co. MA (1.67%), Mirae Asset Global Investments Co. Ltd. (1.07%) and Vaughan Nelson Investment Management L.P. (1.00%). Insiders that own company stock include Chantal Gosselin, Curzio Domenico Bernardi, Douglas Martin Holtby, Eduardo Luna, Gary Duncan Brown, Haytham Henry Hodaly, John Brough, Patrick Eugene Drouin, Randy Smallwood and Randy V J Smallwood.
View institutional ownership trends
.

How do I buy shares of Wheaton Precious Metals?

Shares of WPM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include WeBull, Vanguard Brokerage Services, TD Ameritrade, E*TRADE, Robinhood, Fidelity, and Charles Schwab.
Compare Top Brokerages Here.

This page (NYSE:WPM) was last updated on 11/29/2023 by MarketBeat.com Staff

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